I’m interested in investing some money into improving my home. Which remodeling projects are going to give me the highest return?
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Remodel of the kitchen & bathroom. Curb appeal doesnt hurt
Remodeling of a Kitchens and Bathrooms provide the best return on investment for large scale remodeling efforts. Next in line is the finishing of an unfinished basement. Note that a large remodel project is seldom 100% recovered in the resale of your home. One type of upgrade seldom considered as a “remodel” is the updating of light fixtures. If the light fixtures in your home are out-of-date or not bright enough, prior to selling your home consider upgrading your light fixtures and putting in the highest wattage bulbs allowed into each fixture.
If your Kitchen is outdated you can update it with new cabinetry and new counter tops. Don’t be afraid to move things around to make things more user friendly. Remove walls that close you in, give it an open concept feel. If your home is looking a little worn down, you can rejuvenate it with an updated look by changing out lighting fixtures and door hardware or you could add living space without expanding the home’s footprint by adding a loft in the attic area or an entire second floor.
Improving the curb appeal is important in keeping the value in your home. Give it a face lift by adding a covered entry / foyer with a very inviting entry door. Replace your windows to get more energy efficiency
Other cosmetic items that can be done:
***Replace Rotted Fascia Boards,
***Replace Worn out Roof Shingles
***Replace Exterior Siding,
***Replace An Entry Door,
***Replace Outdated Door Hardware,
***Replace Interior Doors
***Kitchen Remodel,
***Replace old closet with Custom Closet
***Install A New Wood Deck,
***Install Hardwood Floors
***Replacement Windows
Hello there,
The selling points of a house are the kitchen, floors, master bedroom and bathroom.
Renovate your kitchen, upgrade the counter tops, and add a back splash. If you have any vinyl or laminate on the floor, change it to hardwood and ceramic tile. Upgrade the master bathroom, and try to make the master bedroom look as spacious as possible. Get rid of the clutter and apply a fresh light color paint on the walls. You can work on the exterior too, paint the front door and shutters, and do some landscaping.
Good luck
MDESIGNS, McLean VA
If you have the budget start with an evaluation of the kitchen and bathrooms or an evaluation of the exterior and landscaping. Increasing the “good vibes” (how people feel in each space) is very important to the “Livingness, Sense of Well-Being” of a home, making the value of your home priceless and can easily be accomplished with very little expenditure using proven simple natural principles of design.
This an interesting question because the “highest return” would generally mean a way for you to make more money from the sale of your home. If this is the case then updates to the kitchen, bathrooms, and living spaces could help improve your value. BUT do not overspend. Depending on your market these updates could be simply inexpensive changes. For example…
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A fresh coat of paint can give a buyer the sense that your home is well taken care of and it also provides a “new” smell!
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Update cabinet hardware, door hardware and light fixtures.
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Clean your carpets and tile. Have your wood floors buffed and re-coated.
These inexpensive updates help improve the appeal of your home without breaking the bank.
If your answer is more along the lines of wanting to enjoy your updates, but hope in the long run it improves the value of your home, then I would suggest focusing on your kitchen, master suite, and bathrooms. These areas are used most often and if done well will sell your home faster than replacing the siding on your home or replacing perfectly good windows with new windows.
Real Estate is complicated but the basics are simple… location, location, and price. No matter what you do keep in mind what your location relative to the specs of your home generally sells for, and don’t expect that because you updated the kitchen that your home is magically worth more money.
Be realistic and be well researched before making any decisions. The difference between adding value and adding cost is a fine line.
GOOD LUCK
Request an appraiser give an appraisal of your property. The appraiser should give you at least 6 comparables, where you can see at least 3 homes without remodeling and 3 remodeled houses. Then you’ll know if it’s financially feasible to invest in a remodel. The appraiser will tell you the next step. Good luck.
It has been my experience that a kitchen remodel will give you the best overall return on your investment. To find out what in your area will give you the best return go to remodeling magazine and check out cost vs. value. This is a annual article that lists the various remodels and their return on investment in your area.
An updated kitchen and bathrooms tend to provide a homeowner the highest return on their home.
(Suggest: Using Neutral Colors)
The best way to increase the value of your home is remodeling of your Kitchen & bathrooms.
(Suggest: Using Neutral colors)
If you’re in an area of the country that commonly has basements, making sure your basement stays dry is key for re-sale value. Every real-estate proffessional knows that a house with a dry basement is always easier to sell.
http://www.veteranspp.comHave you considered a metal roof or solar roof? A metal roof lasts well over 50 years and is a great resale tool. Also, having gutters that protect your foundation and walls is also crucial for home value.
The ROI on Rebuilding is: Kitchen, Bathroom, Garage, and Bedroom(s).
People buying a house generally look first at kitchens and baths.
Probably depends on your home and how much you are willing to spend and how long you plan on being there. If you plan on just being there long enough to make a profit then you might consider heating, cooling systems, plumbing up to date and roof is in good shape. If you plan on being in your home for a while then you might consider personalizing it for your needs. If you are planning on selling your home in the near future don’t waste your money on choosing new flooring etc because it may not be to the liking of the perspective buyer. Exterior landscaping you usually can’t go wrong.
Depending on the value of your existing home, providing state of the art entertainment and convenience options can significantly boost the appeal. Adding Central Vacuum, Alarm and Security Cameras, Distributed Audio and of course Smart Home Automation gives an edge to homes with the latest in technology.
Improved energy efficency through automation options and green products in entertainment and appliance selection is very appealing to consumers.
Saftey and Security via quality video surveilence products provides piece of mind while home or away.
Your entertainment expands dramatically through the use of distributed audio, providing diverse sources and the ability to isolate or combine rooms.
Today’s smart television bring the internet and a wide array of streaming options to the home.
Kitchens, bathrooms, and exterior “curb appeal” items are the go to solution when wanting to sell and move a home quickly and would never hurt to invest money into. Something you may want to consider is what you mean by highest return. Are you looking for improvements you can make quickly to raise the homes selling price? Or are you looking to stay in the home and have worthwhile or money saving improvements? If your plan on staying in the home, look to improve your homes effeciency. I would recommend having an energy audit performed, encapsulating your crawlspace or finshing your basement and reducing other sources of heat and energy loss. The audit will normally give you a list of roughly 20 things you can fix to increase your homes worth.
This question could have a high range of different answers and all boils down to preference. I personally think that outside appearance wins here. If new stucco, siding or new roof and gutters were added to a home, that would give you a Big Bang for your buck. If selling your home, most new homeowners often have their kitchens and bathrooms remodeled to there taste anyway. Home addition will also give you a big increase in value. Adding square footage to your home is always a winner.
I would like to suggest that you should remodel the kitchen, bathroom and living room in your home. These rooms give more return. Replace the floor of all the rooms and use attractive carpets.
Best of Luck.